CBA: inflation rate may total 5.5-7.5% by end of 2011 in ArmeniaFebruary 6, 2011 - 16:44 AMT PanARMENIAN.Net - The 12-month inflation rate will remain high in Armenia in the first half of 2011 – 9.5%, what will be conditioned by supply shocks late in 2010, including the unprecedented growth in prices for agricultural products and increase in global prices for basic food products and commodities. The inflation paces will slow down from the third quarter to reach 5.3% by the end of 2011, the Central Bank of Armenia (CBA) said in its program of monetary policy for the first quarter of 2011. It reads that the monetary policy should be toughened along with continuation of measures aimed at dedollarization to gain the 4% target inflation rate. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenian wrestlers win 3 medals at U20 European Championships The Armenian team has won 3 medals at the U20 European Greco-Roman Wrestling Championships. Putin to meet Erdogan, Aliyev on SCO sidelines Putin will hold meetings with Turkish President Recep Tayyip Erdogan and Azerbaijani President Ilham Aliyev. Armenian, Georgian Foreign Ministers meet in Tbilisi The meeting of Ararat Mirzoyan and Ilia Darchiashvili, is underway in Tbilisi, the Armenian Foreign Ministry reveals. CSI urges IOC to ban Azerbaijan from Paris 2024 The organization said in a statement that there is no place for genocide at the Olympics. |